Brightcove Inc (BCOV) is Upgraded by Dougherty & Company to Buy, Price Target at $10.50

Brightcove Inc (BCOV) was Upgraded by Dougherty & Company to ” Buy” and the brokerage firm has set the Price Target at $10.50. Earlier the firm had a rating of “Neutral ” on the company shares. Dougherty & Company advised their investors in a research report released on Jun 16, 2016.

Many Wall Street Analysts have commented on Brightcove Inc. Ladenburg Thalmann Initiated Brightcove Inc on Mar 22, 2016 to “Buy”, Price Target of the shares are set at $10.

On the company’s financial health, Brightcove Inc reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.01. The company had revenue of $36.29 million for the quarter, compared to analysts expectations of $35.05 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Brightcove Inc opened for trading at $7.33 and hit $7.65 on the upside on Wednesday, eventually ending the session at $7.57, with a gain of 2.99% or 0.22 points. The heightened volatility saw the trading volume jump to 9,03,444 shares. Company has a market cap of $248 M.

In a different news, on May 21, 2015, Jeremy Allaire (director) sold 40,000 shares at $7.18 per share price. According to the SEC, on May 14, 2015, Andrew Feinberg (CHIEF LEGAL OFFICER) sold 1,973 shares at $6.97 per share price. On May 14, 2015, David R Mendels (CHIEF EXECUTIVE OFFICER) sold 2,128 shares at $6.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Brightcove Inc. (Brightcove) is a provider of cloud-based services for video. The Company’s flagship product Brightcove Video Cloud (or) Video Cloud is the online video platform which enables its customers to publish and distribute video to Internet-connected devices. Its other products and services include Brightcove Zencoder (Zencoder) Brightcove Once (Once) Brightcove Gallery (Gallery) Brightcove Perform (Perform) and Brightcove Video Marketing Suite (Video Marketing Suite). Zencoder is a cloud-based video encoding service. Once is a cloud-based ad insertion and video stitching service. Gallery is a cloud-based service that enables customers to create and publish video portals. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies. It provides its solutions to media companies broadcasters brands and corporations as well as Governments educational institutions and non-profit organizations.

Brightcove Inc

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